COV 20/01
Issued
13 May 2020
Start
01 Apr 2020
End
30 Jun 2020

Variation to section HB 13(3)(b) of the Income Tax Act 2007

For an election to be an LTC (look-through company) for the 2019 income year for a company to which s HB 13(3)(b) of the Income Tax Act 2007 applies, the deadline by which that election must be received by the Commissioner is extended to include an election received by the Commissioner on or before 30 June 2020.

Tax Information Bulletin Vol 32 No 6 - July 2020

Tax Administration Act 1994: ss 6H and 6I
Income Tax Act 2007: s HB 13(3)(b)